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Rallye Launches a Global Tender Offer for Its Unsecured Debt as Part of a Modified Dutch Auction Procedure Rallye (Paris:RAL) On February 28, 2020, the Paris Commercial Court approved Rallye's safeguard plan, which provides for the repayment of its liabilities to be rescheduled between 2023 and 2030 1 Rallye has launched today a global tender offer for its unsecured debt (including the bonds and commercial paper) as part of a modified Dutch auction procedure (the " Tender Offer Tender Offer The purpose of the Tender Offer is to (i) provide holders of unsecured debt with the opportunity of having all or part of their claims repurchased at a price determined as part of a modified Dutch auction and to (ii) improve Rallye's debt profile, in the context of the implementation of its safeguard plan approved on 28 February 2020 by the Paris commercial court.
Date finalised for Belgium WRC debut After being announced in the 2021 FIA World Rally Championship for the first time earlier this month, Renties Ypres Rally Belgium organisers today (Monday) confirmed the event’s date as 13 - 15 August. After being announced in the 2021 FIA World Rally Championship for the first time earlier this month, Renties Ypres Rally Belgium organisers today (Monday) confirmed the event’s date as 13 - 15 August. The asphalt rally replaces the proposed fixture in Northern Ireland, which was deferred for this year due to uncertainty over public funding relative to the Coronavirus pandemic. Belgium will become the 35th nation to stage a WRC round and the rally will feature three days of competition, based around an atmospheric service park in Ypres’ historic Grote Markt.
Frozen Finland offers Monte-Carlo warm-up FIA World Rally Championship stars head north to Finland’s Arctic Lapland Rally (15 - 17 January) this weekend in search of pre-season preparation. As its name suggests, the event runs in the Arctic Circle. It will provide perfect winter conditions and an early introduction to the snow and ice which could well form part of next week’s season-opening WRC round at Rallye Monte-Carlo (21 - 24 January). It is, however, a pair of locals who are likely to steal the limelight in northern Finland this week, as Toyota Gazoo Racing’s Juho Hänninen (Yaris World Rally Car) joins an entry list headed by Mercedes Formula 1 star Valtteri Bottas.
Arctic Rally Finland joins 2021 FIA World Rally Championship The FIA World Rally Championship will venture into the Arctic Circle for the first time next month after WRC Promoter today added Arctic Rally Finland Powered by CapitalBox to the 2021 calendar. The all-new snow and ice event will be based in Rovaniemi on 26 - 28 February and replaces the cancelled Rally Sweden as the WRC’s only pure winter encounter. It forms round two of the 12-event fixture list. The announcement means the Nordic country will host two WRC rounds this year. Rally Finland, held on iconic rollercoaster gravel roads around Jyväskylä, will take place on 29 July - 1 August.